Questions And Answers Questions Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 0 Ans What amount of shares should Maxwell use as the denominator in the computation of basic earnings per share? 682,000 702,000 740,000 700,000 459 views 0 Votes 0 Ans 561 views 0 Votes 0 Ans which of the following alternatives should be selected (if any). Each has an expected life of ten years. 429 views 0 Votes 0 Ans On October 1, 2015, Attra Inc. borrows $216,000 on a three-year note that requires the company to pay 6% interest on March 31 and September 30. On December 31, 2015, the adjusting entry to accrue interest on the note should debit: 538 views 0 Votes 0 Ans What amount must be set aside now to generate payments of $40,000 at the beginning of each year for the next 11 years if money is worth 5.33%, compounded annually? (Round your answer to the nearest cent.) 807 views 0 Votes 0 Ans When does a taxpayer realize a loss on a worthless security? What is the amount of realized loss? What rules govern the recognition of a loss on a worthless security? Explain. 583 views 0 Votes 0 Ans Powers Company owns an 80% interest in Smiley Company and a 90% interest in Toro Company. During 2010 and 2011, intercompany sales of merchandise were made by all three companies. Total sales amounted to $2,400,000 in 2010, and $2,700,000 in 2011. The companies sold their merchandise at the following percentages above cost. Powers 15% Smiley 20% Toro 25% 634 views 0 Votes 0 Ans Payback period,Break even time and net present value 961 views 0 Votes 0 Ans Hartford Research issues bonds dated January 1, 2008, that pay interest semiannually on June 30 and December 31. The bonds have a $40,000 par value, an annual contract rate of 10%, and mature in 10 years. 3.34K views 0 Votes 0 Ans J&J Manufacturing just issued a bond with a $1,000 face value and a coupon rate of 8%. If the bond has a life of 20 years, pays annual coupons, and the yield to maturity is 7.5%, what percent of the bond’s total price is represented by the present value of the coupons? 1.85K views 0 Votes 0 Ans 13. A borrower obtains a fully amortizing CPM mortgage loan for $125,000 at 11% for 20 years. What will be the monthly payment on the loan? 1.11K views 0 Votes 0 Ans 482 views 0 Votes 0 Ans A. What amount of goodwill should be reported from the acquisition of Samson under IFRS/GAAP? B. At what amount should Samson’s identifiable net assets and goodwill be reported on Bartholomew’s consolidated balance sheet at the end of Year 1 under U.S. GAAP and IFRS? 514 views 0 Votes 0 Ans Use information from finance.yahoo.com website to calculate the following financial ratios for Albany International Corporation’s (“AIN”) FYE, December 31, 2010 results – (show your calculations 446 views 0 Votes 0 Ans You are considering the acquisition of a small office building. The purchase price is $775,000. Seventy-five percent of the purchase price can be borrowed with a 30-year, 7.5 percent mortgage. 782 views 0 Votes 0 Ans Oslo Corporation has two products in its ending inventory, each accounted for at the lower of cost or market. 1.68K views 0 Votes 0 Ans Prepare a performance report that compares budgeted and actual costs for the period just ended 501 views 0 Votes 0 Ans Prepare a flexible budget performance report for March, assuming that March sales were $167,100. Variable costs and their percentage relationship to sales are sales commissions 7%, advertising 7%, traveling 5%, and delivery 2%. Fixed selling expenses will consist of sales salaries $35,421, depreciation on delivery equipment $6,684, and insurance on delivery equipment $1,298. 1.38K views 0 Votes 0 Ans Mini Case BUNYAN LUMBER, LLC Bunyan Lumber, LLC, harvests timber and delivers logs to timber mills for sale. 623 views 0 Votes 0 Ans Sheryl Crow Equipment Company sold 500 Rollomatics during 2007 at $6,000 each. During 2007, Crow spent $20,000 servicing the 2-year warranties that accompany the Rollomatic. All applicable transactions are on a cash basis. 2.97K views « Previous 1 2 … 53 54 55 56 57 … 128 129 Next »
